Call: 0300 123 1047

Call: 0300 123 1047

Webchat
Ask Us

Saving into a pension

How much can I pay into a pension?

You or your employer can usually pay up to £40,000 every year in to your pension, but there are limits to how much tax relief you can receive.

A pension is a  tax efficient savings scheme. You receive tax relief on your contributions as you pay in to your pension and your savings have the possibility of growing with minimal tax.

The actual amount you can pay in a tax year for tax relief purposes is the greater of:

  • A gross contribution of £3,600 or:
  • 100% of your earnings, subject to the annual allowance.

The current annual allowance for most people is at £40,000.

Frequently asked...

Where can I find out more?

If you need more information, please contact us. A pension specialist from our team will be happy to help with whatever pensions-related question you have. Our help is always free.

×
Your details Hi there, start a chat with online support now
These sessions are recorded for training and quality monitoring purposes. You will also have the opportunity to download a transcript of the the conversation for your records upon connection

Please do not refresh your browser during this chat session. This will cause your session to end.
    Click here to download the chat transcript
    Live Chat
    Webchat is not working properly. Sorry for the inconvenience.